Vehicle values held steady last week, as various luxury segments continued to see positive movement in their week-to-week wholesale values, according to Black Book’s March 10 Market Insights report.
Overall car segment values declined 0.11% last week, compared to a gain of 0.05% the week before. Overall truck segment values declined 0.03% last week, compared to 0.01% the week before.
Among cars, full-size, near luxury, luxury, prestige luxury, and sporty segments all saw week-over-week gains in their average wholesale value. The luxury car and sporty car segments saw the biggest gains at 0.19% and 0.16%, respectively.
Compact cars experienced the heaviest depreciation, which in part could have been attributed to declining gasoline prices. Consumer demand has already been moving away from small sedans and declining fuel prices is not helping the waning segment.
Looking at truck segment vehicles, subcompact crossovers, compact crossovers/SUVs, midsize crossovers/SUV, compact luxury crossovers/SUVs, and minivans all saw gains through the week. The biggest gains came from subcompact crossovers and compact crossovers/SUVs, which saw values increase by 0.29% and 0.15%, respectively.
The biggest losses during the week came from full-size luxury crossovers/SUVs and compact vans, which saw their average wholesale values decline by 0.50% and 0.55%, respectively.